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Benjys tempts investors with a slice of sandwich

INVESTORS might soon get the chance to have a bite at Benjys, the sandwich-shop chain. It is drawing up plans for a float that could value the business at up to £90m.

Benjys has begun talks with potential City advisers about a listing, although a firm date to go public has not been decided. The group, with more than 50 sandwich bars in London, has recently started to expand outside the capital. Its first regional sites have opened in Birmingham.

Future growth may also come from delivering snacks to customers via a new style of mobile retail unit the firm has invented, to be licensed to other companies. Last week it announced plans to launch a fleet of vans to deliver sandwiches to offices, and hopes to attract franchisees to do this.

Ian Rickwood, chief executive, would not comment in detail on the float plans. “We are obviously considering various